NAPERVILLE, Ill., Oct. 13 /PRNewswire/ -- OfficeMax® Incorporated
(NYSE: OMX) today announced that the company's Board of Directors
has named Ravi K. Saligram as
President & Chief Executive Officer and Director effective
November 8, 2010. Mr. Saligram
will replace Sam Duncan who will
step down as Chairman, President & Chief Executive Officer and
Director effective November 7, 2010.
Mr. Duncan, who had earlier in the year announced his plans
to retire, will continue to be employed as a special advisor to the
company until February 28, 2011.
Additionally, the company announced that Rakesh
Gangwal, currently Lead Director, has been named Non-Executive
Chairman of the Board, effective November 8,
2010.
Mr. Duncan stated, "I am very pleased that Ravi is joining
OfficeMax. I believe that his knowledge and expertise in
managing professional services operations and growing businesses
and brands make him an excellent choice to lead OfficeMax through
its next phase."
"The Board is delighted to welcome Ravi to OfficeMax," said
incoming Non-Executive Chairman of the Board Rakesh Gangwal.
"Ravi, with his proven track record of leadership and growing
businesses, is the right person to lead OfficeMax into the future.
Also, on behalf of the Board, I want to thank Sam for his
strong leadership and substantial contributions to OfficeMax during
his tenure."
Mr. Saligram commented, "Over the past five years under
Sam Duncan's leadership, OfficeMax
has completed a successful turnaround and strengthened its
business. I am excited to be joining OfficeMax as the company
continues to capitalize on opportunities for long-term growth and
success. I look forward to partnering with the management
team and our dedicated associates to evolve the company to the next
level through innovation and a commitment to serving consumers and
business customers."
Mr. Saligram, 54, joins OfficeMax from Aramark Corporation where
he most recently served as President of Aramark International,
Chief Globalization Officer and Executive Vice President of the
corporation. Prior to joining Aramark in 2003, Mr. Saligram
held various leadership positions at InterContinental Hotels Group
and SC Johnson Wax. Mr. Saligram started his career in
advertising at the Leo Burnett Company. Mr. Saligram is
currently a Board Member of Church & Dwight (NYSE: CHD), a
consumer and specialty products company with leading brands such as
ARM & HAMMER. He is also a Board Member and Vice Chairman
of the World Affairs Council of Philadelphia, and is a Trustee and member of
the Executive Committee of Eisenhower Fellowships. Mr.
Saligram earned a Bachelor of Science degree in Electrical
Engineering from Bangalore
University in India and holds a
Masters of Business Administration degree from the University of Michigan.
Forward-Looking Statements
Certain statements made in this press release and other written
or oral statements made by or on behalf of the company constitute
"forward-looking statements" within the meaning of the federal
securities laws, including statements regarding management's
expectations, beliefs, intentions, plans, estimates or projections
relating to the future. Management believes that these
forward-looking statements are reasonable. However, the
company cannot guarantee that its actual results will be consistent
with the forward-looking statements and you should not place undue
reliance on them. These statements are based on current
expectations and speak only as of the date they are made. The
company undertakes no obligation to publicly update or revise any
forward-looking statement, whether as a result of future events,
new information or otherwise. Important factors regarding the
company that may cause results to differ from expectations are
included in the company's Annual Report on Form 10-K for the year
ended December 26, 2009, under Item
1A "Risk Factors", and in the company's other filings with the
SEC.
About OfficeMax
OfficeMax Incorporated (NYSE: OMX) is a leader in both
business-to-business office products solutions and retail office
products. The OfficeMax mission is simple. We help our
customers do their best work. The company provides office
supplies and paper, in-store print and document services through
OfficeMax ImPress®, technology products and solutions, and
furniture to businesses and individual consumers. OfficeMax
customers are served by over 30,000 associates through direct
sales, catalogs, e-commerce and approximately 1,000 stores.
To find the nearest OfficeMax, call 1-877-OFFICEMAX.
For more information, visit www.officemax.com.
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SOURCE OfficeMax Incorporated
Copyright . 13 PR Newswire